Compare a Typical Family Insurance
Plan to our Health Savings Account Plan

We introduced the Health Savings Account (HSA) to save you money. What is an HSA?

  • An HSA is a tax-advantaged savings account1. It's the most innovative approach to health care financing in years.
  • You won't pay tax on the funds you deposit or the interest you make.
  • Use the funds to pay for your qualified medical expenses, or start a nest egg for retirement.

Summing up the Trade-Offs

  • Low Deductible Plan: You're paying a higher monthly premium for the convenience of a lower fixed cost for everyday needs.
  • High Deductible Plan: You're paying a lower monthly premium but taking on more responsibility for initial expenses that might be incurred.

Take a look at how much money you can save with a Health Savings Account (HSA):


 Typical Family Plan (low deductible) HSA Plan (high deductible)
Total net savings with HSA Plan $0 savings $3,878 savings with HSA Plan
Coinsurance
 We pay 80%, you pay 20% We pay 100%
Copayment
 $25 Doctor Office Copay (unlimited) No Copay (subject to coinsurance and deductible)
Deductible
 $1000 $5,000
Out-of-pocket maximum
 $2,500 (includes deductible and 20% coinsurance to limit) $5,000 (deductible is out-of-pocket maximum)
Annual premium paid*
(for example only)		 $6,720 $3,016
Your share of medical care expenses on:
  • a $1500 medical claim
  • $550 non-covered dental or vision expenses
 $1,000 for deductibles, $100 for coinsurance, $550 for other non-covered medical expenses $1,500 for medical expenses and $550 for dental/eyewear expenses

 Total: $1,650 Total: $2,050
Tax Savings on expenses paid from HSA deposits
  • Assumes a 28% tax bracket
  • the maximum contribution allowed is $5,200 for a family
 $0 $574

And, you may still have money in your HSA account depending on how much you deposit
Net expenses
(out-of-pocket minus savings)		 $8,370 $4,492

With our HSA, you still have money in your account.

*Health insurance premiums vary substantially based on age, geographic location and other variables. Federal tax savings calculations assume that contributions are deductable from federal taxes.

With HSAs, you can pay for your health care expenses wisely.

Advantages:

  • "Tax-advantaged" dollars - the smartest way to pay for your medical expenses1.
  • The money's always yours - since your balance rolls over each year, "use it or lose it" doesn't apply.

You'll have easy access to your account - all online. We took your concerns seriously when developing your HSA program. Assurant Health is the only organization that:

  • Set up your health plan and HSA all on one site — so you don't have to go back and forth between screens to make sense of things.
  • Offers you seven different fund families - so you can grow your funds.
  • Provides three options for waiving the small monthly fee.

Contact

For more information about plans through Assurant Health, please call 866.884.INFO (866.884.4636) or contact your local insurance agent.

Health Savings Accounts are available with qualified high deductible health plans, like the One Deductible plan.
1 Assurant Health and its legal entities are not engaged in rendering tax, investment or legal advice. Federal and state tax regulations are subject to change. If tax, investment or legal advice is required, seek the services of a licensed professional.
2 Your rate may vary. Many states allow for state tax deductions on HSAs.